Veteran analyst and cryptocurrency hedge fund boss Murad Mahmudov labeled Cardano (ADA) and Ripple (XRP) as cult meme coins, spiraling down their price performance. In the meantime, an ETF token ETFswap (ETFS), took the DeFi sector by storm as it continued to flourish in its ongoing presale event despite the bearish storm that engulfed the crypto market. Let’s discuss the reason for Mahmudov’s sentiment on Cardano (ADA) and Ripple (XRP) before focusing on the reason why ETFswap (ETFS) is flourishing in its presale.
Analyst Calls Cardano (ADA) And Ripple (XRP) Cult Meme Coins
Former Goldman Sachs analyst and crypto hedge fund exec Murad Mahmudov has openly labeled Cardano (ADA) and Ripple (XRP) as cult meme coins in an X (formerly Twitter) post on July 04, 2024. Murad also advised investors aiming to venture into the booming meme coin market to invest only in projects with a $5 to $200 million market valuation.
Further, Murad urged the investors to avoid any project trading below $10 million as its market cap for several weeks as it would most likely be a scam token. On the bright side, the veteran analyst was bullish on the future trajectory of altcoins and believed that this class of assets had the potential to outpace other sectors in the crypto industry. However, following Mahmudov’s open criticism, Ripple (XRP) continues to struggle for support as experts believe it could further decline in value to $0.38 after plunging to the $0.4 level.
However, it could make a bullish turn if it emerges victorious in its close to 4-year-long legal battle against the United States regulators; however, currently, Ripple trades at $0.43 and ranks 8th in the crypto market. Cardano (ADA), on the other hand, experienced a 10% crash in value to a low of $0.32 but has briefly recovered, currently trading at $0.37, according to Coinmarketcap.
ETFSwap (ETFS) Takes DeFi By Storm With Tokenized ETFs
ETFswap (ETFS) is a crypto ETF trading platform that emerged into the crypto sphere at a time when crypto-related exchange-traded funds (ETFs) became widely sought-after investments among crypto investors. Therefore, ETFswap (ETFS) introduces the unique option of tokenized ETFs, making it possible for all in the crypto industry to invest in this asset class.
Since they will be on the blockchain, tokenized ETFs will be more affordable than their traditional counterparts, and users can monitor their progress on-chain before making any investment decisions. ETFswap (ETFS), on the other hand, will also offer traders AI-powered trading tools, which will not only assist traders with predictive analysis of an asset but are also customizable to each user’s preference, resulting in a top-notch trading experience.
The traders will also greatly benefit from the platform features, including leverage trading, fractional ownership, and seamless swapping, enabling them to convert ETFs to crypto assets and vice versa. However, to unlock access to all these features, including trading the tokenized ETFs, all users must purchase the platform’s native token ETFS.
Aside from gaining full access to the ETFswap (ETFS) ecosystem, token holders will also receive trading discounts, bonuses, and early access to all new ETF listings on the platform. Also, token holders can transform their status from passive users to active members who have a say in the decisions made on the network through voting. Undoubtedly, holding ETFS has numerous benefits; now, let’s talk about how each user can purchase it.
Conclusion On Picking ETFSwap (ETFS) Over Ripple (XRP) And Cardano (ADA)
Ripple (XRP) and Cardano (ADA) risk a bearish turn as veteran analyst labels them a cult meme coin; however, ETFswap (ETFS) continues to flourish in its presale, where it is offering its native token ETFS at a low price of $0.01831 per coin. As part of ETFswap (ETFS) yield-generating opportunities, users who buy the token now can automatically profit from their purchase, as the token price will soon increase to $0.03846.
Further, experts speculate that ETFS will surge to $3 after launch, and ETFswap (ETFS) aims to launch a beta version of its trading platform in less than 30 days, suggesting that the main platform launch is close. So now is the best time for you to buy ETFS, do not delay: Buy it today!
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community